Date: June 30th, 2012 7:01 PM Author: boyish metal home
Ah, if only you had bootstrapped a business like when your boomer father started a construction company in a city with 4M people that only had 2 other developers in it, right out of college with a $100,000 loan from his own father. Then you'd have a nice pile of cash for a down payment on a house to take advantage of these record low mortgage interest rates. But you didn't, did you? Instead, you took out $150,000 at 8% to get a law degree and now you have no job. Your dad can't give you a loan to start a business because he's saving up for a lake house and he knows all the markets are saturated with competition anyways. But he won't say that to your face. He'll knock you for being lazy and unaggressive. You find a letter to his lawyer instructing him to forget about going ahead with that trust he was setting up for you, sitting on his desk under his Lake Houses Unlimited magazine with a few $500,000 lakeside estates circled with a red marker.